HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.012%

Price spread now: Nado against Extended+0.018%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$130.135% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.018%, 7d avg +0.033%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	94.507	0.0104	pay 0.0013% / 1h	0m 43s	$18.4M	$43.1M	50x
Short	Nado HYPE-PERP	94.523	0.0100	get 0.0012% / 1h	0m 43s	$7.2M	$52.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee NadobpOrdersPrice spread, now +0.018%Rate

Funding earned: −$0.84
Price spread: +0.018% → +0.033%: −$1.56
Slippage, 4 orders: −$1.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$15.89
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Nado: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 3 min ago	0.05 bp	2.6 bp −$3	4.5 bp −$45	23.4 bp −$2,337	doesn't fit
Sell Nado live order book, 3 min ago	0.05 bp	3.6 bp −$4	5.8 bp −$58	27.3 bp −$2,731	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1496%	1h	94.529	+0.023%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0382%	1h	94.523	+0.017%	$80K	$151K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0205%	1h	94.503	−0.004%	$22K	$20K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0202%	1h	94.460	−0.050%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0187%	1h	94.555	+0.051%	$112K	$575K	20x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.536	+0.031%	$88K	$363K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.527	+0.021%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.511	+0.004%	$1.0M	$3.5M	10x	as long as short
Bybit HYPEUSDT	−0.0017%	8h	94.547	+0.043%	$318.0M	$288.6M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.528	+0.022%	$147K	$686K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Derive HYPE-PERP	−0.0001%	1h	94.468	−0.041%	$16.3M	$7.3M	10x	as long as short
Lighter HYPE	0.0000%	1h	94.558	+0.055%	$16.4M	$64.9M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.542	+0.038%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.611	+0.110%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.567	+0.064%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.547	+0.043%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.588	+0.086%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.534	+0.029%	$227.1M	$100.4M	75x	as long as short
Polymarket Perps HYPE-USD	+0.0025%	1h	94.561	+0.057%	$499K	$2.8M	20x	as long as short
Phemex HYPEUSDT	+0.0042%	8h	94.568	+0.065%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0046%	8h	94.585	+0.083%	$338K	$154K	20x	as long as short
SoDEX HYPE-USD	+0.0048%	1h	94.561	+0.057%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.570	+0.067%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.550	+0.046%	$117.9M	$325.9M	50x	as long as short
Vest HYPE-PERP	+0.0074%	1h	94.594	+0.092%	—	$190K	5x	as long as short
Gate HYPE_USDT	+0.0078%	4h	94.535	+0.030%	$50.7M	$57.1M	75x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.460	−0.050%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.565	+0.062%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.543	+0.038%	$85K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.510	+0.003%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	94.523	+0.018%	$7.2M	$52.9M	10x
Hyperliquid HYPE	+0.0100%	1h	94.642	+0.143%	$2.08B	$688.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.566	+0.062%	$8.9M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.587	+0.085%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.565	+0.061%	$379.2M	$933.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.428	−0.084%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.554	+0.050%	$93.5M	$85.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.535	+0.030%	$47.0M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.533	+0.028%	—	$52.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.546	+0.041%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.532	+0.027%	$29.7M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.513	+0.006%	$7.6M	$44.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.461	−0.048%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.519	+0.013%	$695K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.652	+0.154%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.650	+0.152%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	94.507	long leg	$18.4M	$43.1M	50x
Aevo HYPE-PERP	+0.0104%	1h	94.540	+0.035%	$400K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.595	+0.093%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.247%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0222%	1h	94.597	+0.095%	$20.3M	$30.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0236%	1h	94.658	+0.160%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.560	+0.056%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.534	+0.029%	$83K	$121K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.490	−0.018%	$17.1M	$12.4M	75x	as long as short